TMF Pixey's analysis today does not consider the effect of estate taxes. Those of you who have estates large enough to pay ESTATE TAXES would benefit greatly from the conversion since all the income taxes paid on the conversion would be removed from the taxable estate. If the conversion is not made, the entire amount is subject to estate taxes. This advantage, in addition to the TAX FREE growth, make the conversion very desirable if there are sufficient assets to pay the income tax on conversion, outside the IRA.BILL